Enterprise Intelligence Platform Omni Launches with $27M

Enterprise intelligence platform Omni publicly launched right this moment with $26.9 million in complete funding. The corporate believes customers shouldn’t have to decide on between a ruled mannequin and a quick enterprise intelligence instrument, and it payments its product as the one BI platform that mixes the consistency of a shared knowledge mannequin with the liberty of SQL.

Omni’s unified BI platform routinely builds a sandbox knowledge mannequin as customers question and permits them to advertise metrics to an official, shared mannequin that can be utilized by the entire group. The corporate says many knowledge instruments are level options that resolve issues created by pendulum swings between consumer empowerment and organizational management, and slightly than current as a single-use case instrument for the information stack, the Omni platform options cohesive capabilities for velocity, flexibility, and efficiency that don’t contain tradeoffs between knowledge consistency and governance.

“Working with knowledge needs to be collaborative and fast-paced, however that shouldn’t be on the expense of general organizational knowledge integrity,” mentioned Colin Zima, CEO of Omni and the previous chief analytics officer at Looker. “We’ve seen first-hand how instruments that specialize – and due to this fact pressure tradeoffs – are doomed to fail on the promise of enterprise intelligence. We constructed Omni to fill the hole between instant-gratification analytics and the reliability and governance of mature enterprise BI.”

Omni was based final February by CEO Zima and President Jamie Davidson, each of whom had lead roles at Looker, the seller of a browser-based BI visualization instrument, in addition to HotelTonight and Google. Chris Merrick, the corporate’s CTO, led engineering groups at Sew and Talend and helped develop the open supply tasks Singer and dbt. The corporate says it was based “to offer organizations the liberty to work collaboratively with the management of a single supply of reality.”

Omni guarantees to fulfill customers the place they’re so far as technical abilities, and that firms ought to be capable of empower extra staff to make use of knowledge with out the duplicated dashboards and inconsistent metrics that self-service initiatives generally incur, which may finally result in a drop in knowledge high quality and effectivity.

“On the core of Omni is the concept that constructing an information mannequin needs to be a collaborative, interactive expertise — as straightforward as constructing a question or a chart. Our objective is to serve a corporation’s whole BI wants, so individuals received’t be confronted with tradeoffs between freedom and consistency or pressure between knowledge and enterprise groups,” firm leaders wrote in a weblog submit. “We’ve made a single product that may begin with exploration, graduate to visualization, after which be promoted into an information mannequin for reuse when acceptable.”

Traders appear amenable to serving to Omni discover its market area of interest. The corporate plans to make use of its new money to increase its platform and group. For its $26.9 million complete funding, a earlier $9.4 million Seed spherical was led by First Spherical and joined by Redpoint, GV, Field Group, Quiet, Scribble, and greater than 100 angel traders. A $17.5 million Sequence A spherical was led by Redpoint, with participation from First Spherical and GV.

“We’re thrilled to work with Omni — and I’m excited to again them as an angel investor — as a result of they make it attainable to have all of it: consistency, reliability, and velocity,” mentioned Parker Conrad, CEO and co-founder of workforce platform Rippling. “In reality, we share a worldview as builders of compound startups. Our challenges couldn’t presumably be solved by slim level options, and the Omni group has taken the far more durable however extra useful path of constructing a platform with breadth and depth. As repeat leaders in the identical company house, they’ve seen firsthand the chance and the way finest to deal with it going ahead, one thing that’s clearly knowledgeable the product we’re utilizing right this moment.”

“As the parents accountable for serving to to create the BI class within the first place, there’s nobody higher positioned to take BI into its subsequent period,” mentioned Tomasz Tunguz, companion at Redpoint, who’s becoming a member of the Board. “The dimensions of their ambition is big, which is becoming: It takes an audacious group to attempt to mix the velocity of analytics with the consistency of enterprise BI. We’re thrilled to companion firstly of what’s going to be a tremendous journey.”

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